Question

State social responsibilities of business towards society.

Answer 1

Since business cannot function in isolation, it needs to ensure that the interest of various social groups are balanced and properly protected. Business organisation has following responsibilities towards the society at large:

1. Protection Of Enviornment

Today, pollution is a major problem. Air and water pollution happen due to industries, chemical plants, cement plants etc. The organisations should take all the possible measures to minimize pollution.

2. Better and Maximum Use of Resources

The organisations should make proper and optimum (efficient) use of scarce resources such as fuel, water, land etc.

3. Reservation for Weaker Section

The organisation is expected to reserve certain positions in their establishment for economically weaker sections of the society. These people need financial and other help from the business unit which should be provided time to time.

4. Development of Backward Regions 

 The business organisations should be started in backward areas. It will create employment opportunities for the rural people and increase their purchasing power; thereby, helping backward regions to develop.

5. Protest Against Anti-Social Actvities

 The organisations should not participate in anti-social activities like smuggling, associations with underworld, bribing the government officials etc. It will adversely affect the society.

6. Finacial Assistance

Society expects organisations to provide donations and financial assistance for various social causes such as eradication of poverty, illiteracy, anti-drug campaigns, anti-noise pollution campaigns etc.

7. Prevent Congestion

The business should avoid congestion of industries in cities by spreading industries in different places or locations. Industries should be preferably located in industrial zones only. It will avoid adverse effect on residential areas.

8. Empolyment Generation

Business should provide a large number of employment opportunities for all sections of the society through expansion and diversification programmes. Such efforts will help to solve the problem of unemployment and poverty.